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Impact of Recently Issued Accounting Standards
 3 Months Ended
Mar. 31, 2015
Accounting Changes and Error Corrections [Abstract]  
Impact of Recently Issued Accounting Standards
13. Impact of Recently Issued Accounting Standards

In May 2014, the Financial Accounting Standards Board (“FASB”) issued new guidance for revenue recognition, which will require an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The new guidance will replace most existing revenue recognition guidance in U.S. Generally Accepted Accounting Principles when it becomes effective which, for the Company, will be on January 1, 2017. Early application is not permitted. On April 29, 2015, though, the FASB issued for public comment a proposed Accounting Standards Update (“ASU”) that would defer the effective date of this standard by one year. This ASU is subject to a thirty day public comment period. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect the new guidance will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect the standard will have on its ongoing financial reporting.